Volvo V40 And XC60 Get EEV Status; Prices Revised

Volvo Car Malaysia has announced that the Volvo V40 T5 Drive-E, XC60 T5 and XC60 T6 have received Energy-Efficient Vehicle (EEV) status leading to a reduction in retail prices due to the accorded government incentives.

Below is a comparison of retail prices before and after the incentives:

The revised retail pricing came into effect on 12 August 2016.

Incentivising EEVs is an important part of the National Automotive Policy (NAP) which aims to encourage the establishment of Malaysia as a regional automotive hub for EEVs.

Volvo believes that the utilisation of a highly efficient internal combustion engine, producing more power output per cylinder whilst emitting lower emissions and consuming lesser fuel, will be the industry’s benchmark for achieving increasingly tougher global emissions target.

“Our award-winning Drive-E powertrains offer customers a world-class blend of outstanding power and lower fuel consumption which promises to bring efficient driving pleasure to a whole new level,” said Lennart Stegland, Managing Director of Volvo Car Malaysia.

Volvo is working to advance its future vehicles as zero emission vehicles, starting with the development of its modular Drive-E engine and scalable platform architecture (SPA), both of which is ready for future electrification.

Stegland adds, “We fully support the government’s initiative under the NAP to encourage the use of EEVs in Malaysia as it will spur investments and development of green technologies from global automotive players into Malaysia.”

In its statement, Volvo Car Malaysia acknowledges the strong cooperation between the relevant government agencies such as the Malaysian Automotive Institute (MAI), Ministry of International Trade and Industry (MITI), Ministry of Finance (MOF), Malaysian Investment Development Authority and the Road Transport Department (JPJ) to ensure that all the requisites for the certification and incentives are met.